Title
The Egalitarian Efficient Extension of the Aumann–Drèze Value
Abstract
In this paper, we propose a new efficient value for transferable utility cooperative games with a coalition structure. It first assigns to every player his Aumann–Drèze value and then allocates the remainder of the worth of the grand coalition among players equally. As it is identical with the Aumann–Drèze value for coalitional games with a singleton coalition structure, we call it the egalitarian efficient extension of the Aumann–Drèze value. We provide three axiomatizations of it and compare it with other well-known efficient coalitional values, especially the Owen value and the two-step Shapley value.
Year
DOI
Venue
2019
10.1007/s10957-018-1440-0
Journal of Optimization Theory and Applications
Keywords
DocType
Volume
Transferable utility cooperative game,Coalition structure,Aumann–Drèze value,Owen value,Two-step Shapley value,91A12
Journal
181.0
Issue
ISSN
Citations 
3.0
1573-2878
1
PageRank 
References 
Authors
0.37
10
3
Name
Order
Citations
PageRank
Xun-Feng Hu110.37
Genjiu Xu2307.31
Deng-Feng Li396846.12